{"id":26802,"date":"2015-03-08T22:24:48","date_gmt":"2015-03-08T22:24:48","guid":{"rendered":"http:\/\/rafaelfajardo.com\/portfolio\/is-a-reputation-economy-really-an-economy\/"},"modified":"2015-03-08T22:24:48","modified_gmt":"2015-03-08T22:24:48","slug":"is-a-reputation-economy-really-an-economy","status":"publish","type":"post","link":"https:\/\/rafaelfajardo.com\/portfolio\/is-a-reputation-economy-really-an-economy\/","title":{"rendered":"Is a reputation economy really an economy?"},"content":{"rendered":"<p><a class=\"tumblr_blog\" href=\"http:\/\/mostlysignssomeportents.tumblr.com\/post\/113089621340\/is-a-reputation-economy-really-an-economy\">mostlysignssomeportents<\/a>:<\/p>\n<blockquote>\n<figure><img decoding=\"async\" alt=\"image\" src=\"https:\/\/66.media.tumblr.com\/9f12b3d355ee3cd3c30e3ae86f0f3151\/tumblr_inline_nkw1zkPiIq1rkw4x1.jpg\" \/><\/figure>\n<blockquote>\n<p>Kevin Simler\u2019s 2013 essay on the economics of social status is a<br \/>\ngreat, enduring Sunday sort of longread that should be required of<br \/>\nanyone contemplating using the phrase \u201creputation economy\u201d in polite<br \/>\nsociety.<\/p>\n<p>\nContrary to my own views, Simler argues convincingly that you can have<br \/>\nan economy based on status \u2014 that is, that status can be spent and<br \/>\nexpended, exchanged for goods and services. He also makes a strong and<br \/>\nimportant point that status isn\u2019t entirely social \u2014 it has important<br \/>\nbiological correlates in things like cortisol and testosterone levels<br \/>\nthat have an inescapable effect on the cognition of the people who<br \/>\nexperience them. In other words, your status (and the status of those<br \/>\naround you) isn\u2019t just about how perceive one another: those perceptions<br \/>\n have a subrational impact on your mood and perception, which you can\u2019t<br \/>\nchange merely by applying rationality to the problem.\n<\/p>\n<p>\nMost interesting to me was the section of the essay where Silmer tries<br \/>\nto fit common economic concepts like inflation, liquidity, arbitrage and<br \/>\n forex into the idea of reputation economics. I\u2019m still not convinced<br \/>\nthat monetary economics are the best analogy to status games \u2014 for one<br \/>\nthing, you can\u2019t spend money and retain it, while there are many<br \/>\nsituations in which conferring status on others build your own, and<br \/>\nwhere failing to do so decreases your own store.<\/p>\n<\/blockquote>\n<p><a href=\"http:\/\/boingboing.net\/2015\/03\/08\/is-a-reputation-economy-really.html\"><b>Read the rest\u2026<\/b><\/a><\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>mostlysignssomeportents: Kevin Simler\u2019s 2013 essay on the economics of social status is a great, enduring Sunday sort of longread that should be required of anyone contemplating using the phrase \u201creputation economy\u201d in polite society. Contrary to my own views, Simler argues convincingly that you can have an economy based on status \u2014 that is, that [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[10],"tags":[],"class_list":["post-26802","post","type-post","status-publish","format-standard","hentry","category-words"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p6PWot-6Yi","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/rafaelfajardo.com\/portfolio\/wp-json\/wp\/v2\/posts\/26802","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rafaelfajardo.com\/portfolio\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rafaelfajardo.com\/portfolio\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rafaelfajardo.com\/portfolio\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/rafaelfajardo.com\/portfolio\/wp-json\/wp\/v2\/comments?post=26802"}],"version-history":[{"count":0,"href":"https:\/\/rafaelfajardo.com\/portfolio\/wp-json\/wp\/v2\/posts\/26802\/revisions"}],"wp:attachment":[{"href":"https:\/\/rafaelfajardo.com\/portfolio\/wp-json\/wp\/v2\/media?parent=26802"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rafaelfajardo.com\/portfolio\/wp-json\/wp\/v2\/categories?post=26802"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rafaelfajardo.com\/portfolio\/wp-json\/wp\/v2\/tags?post=26802"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}